(Reuters) - CME Group (CME) reported a rise in third-quarter profit on Wednesday, as uncertainty around the U.S. monetary policy path led investors to rejig their portfolio, bolstering trading volumes for the derivatives exchange.
Investors turned to CME's hedging products to manage the risks arising from escalating uncertainties, including those from mounting geopolitical tensions in the Middle East, which drove double-digit growth across all CME asset classes.
CME's interest rate average daily volume (ADV) jumped 36% to a quarterly record of 14.9 million contracts from a year earlier.
The company's total ADV touched a quarterly record of 28.3 million contracts, rising 27% from a year earlier.
Clearing and transaction fees, CME's chief source of revenue, jumped 19.5% to $1.30 billion in the quarter.
Net income attributable to common shareholders of CME Group rose to $901.3 million, or $2.50 per share, in the three months ended Sept. 30, from $740.8 million, or $2.06 per share, a year earlier.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。